Can PENGU avoid an 18% pullback ? – Watch out for THESE 2 signs

Key Disruption

Pingu has rallied 16% 00436, but tilt the LEAKE LEAST, and increased to increased exposure to the correct curvation from this level.

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In the middle of continuous market recovery, Penguins pudding [PENGU]a Only one [SOL]-beterminine, issued a 16% that spells it to $ 0.0426, in pressure time, just shy of a key resistance.

But chain data is now possible signs ahead.

Pen hits resistance again

The current UPLTRENCE has brought pingu ring near $ 0.0436, the level where the token is to be in a token of 18%. If the rally stalled again, a short pullback can follow.

At the time of writing the trade volume jumped 15% in the last 24 hours, reflecting the marketing activity and investor. Still, the proof of resistance is criticism – be the bulls violate the roof, or bears claim control.

On 4 hours chart, pengu has broken past a downward trend, flipping the bullish structure. Now trades over the middle of the 3 of the 9-year-old, reported the BIAS.

Chaikin’s cash flow was at +0.10, indicating a crowd of capital and healthy.

However, the price remained closed under the band of resistance of $ 0.0436, and any failure to break above could enable profit of profit.

If the bulls succeed in darling this obstacle, the next jam could reap high height and potentially a new ath.

The chain charge to the string to the string the rally

Explain the signs of bulls, metrics in chain piling a more wisely picture.

Cumenting The data has demonstrated $ 2,03 million net swap in the last 24 hours, based on picture time.

This significant influding of exchanges suggests a sales potential, indicating sales pressure and more downside, which pen is currently.

At the same time, the lengthy / short ratio till 0.95, with short positions (51.06%) now outnumbering long positions (48.94%).

This shows the increased sunrise shipment, with the trades waiting for a refusal near resistance.

While short mudfic tard, grow the cane and the negative felony in the market derivatives that a fix could be next.

Unless shoppers go with the loud volume and flip the $ 0.0436 zone, pengu can review the lower support range around $ 0.038.